Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.19 | 1.21 | 7.20 | 1.38 | 1.48 | 3.65 | 2.02 | 1.82 | 1.93 | 2.13 | 0.28 | 1.67 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Expenses | 0.64 | 0.32 | 8.23 | 4.00 | 1.03 | 2.78 | 1.27 | 0.32 | 0.36 | 1.55 | 6.59 | 0.73 |
| Financing Profit | 0.55 | 0.89 | -1.03 | -2.62 | 0.45 | 0.85 | 0.75 | 1.50 | 1.57 | 0.58 | -6.31 | 0.94 |
| Financing Margin % | 46.22% | 73.55% | -14.31% | -189.86% | 30.41% | 23.29% | 37.13% | 82.42% | 81.35% | 27.23% | -2,253.57% | 56.29% |
| Other Income | -0.76 | 0.53 | 1.20 | 0.89 | 1.06 | -1.35 | -0.62 | 0.78 | -0.25 | 0.00 | -0.55 | 0.55 |
| Depreciation | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | -0.22 | 1.41 | 0.15 | -1.74 | 1.50 | -0.52 | 0.11 | 2.27 | 1.31 | 0.57 | -6.87 | 1.48 |
| Tax % | -27.27% | 24.82% | -53.33% | 24.14% | 26.67% | -26.92% | 18.18% | 25.11% | 25.19% | 28.07% | -18.49% | 24.32% |
| Net Profit | -0.17 | 1.05 | 0.24 | -2.16 | 1.09 | -0.38 | 0.10 | 1.70 | 0.98 | 0.41 | -5.59 | 1.13 |
| EPS in Rs | -0.00 | 0.01 | 0.00 | -0.01 | 0.01 | -0.00 | 0.00 | 0.01 | 0.01 | 0.00 | -0.04 | 0.01 |
| Gross NPA % | ||||||||||||
| Net NPA % |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.67 | 7.35 | 2.81 | 3.40 | 2.43 | 1.85 | 1.96 | 3.96 | 10.83 | 8.53 | 6.16 | 6.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.02 | 0.02 | 0.00 | 0.00 |
| Expenses | 4.50 | 7.41 | 2.69 | 3.24 | 2.42 | 1.84 | 0.86 | 3.00 | 9.50 | 9.96 | 8.95 | 9.23 |
| Financing Profit | 0.17 | -0.06 | 0.12 | 0.16 | 0.01 | 0.01 | 1.10 | 0.84 | 1.31 | -1.45 | -2.79 | -3.22 |
| Financing Margin % | 3.64% | -0.82% | 4.27% | 4.71% | 0.41% | 0.54% | 56.12% | 21.21% | 12.10% | -17.00% | -45.29% | -53.58% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.73 | 0.85 | 0.01 | -0.25 |
| Depreciation | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.05 | 0.05 | 0.06 | 0.04 | 0.04 |
| Profit before tax | 0.13 | -0.06 | 0.12 | 0.16 | 0.02 | 0.02 | 1.06 | 0.80 | 1.99 | -0.66 | -2.82 | -3.51 |
| Tax % | 30.77% | -16.67% | 41.67% | 31.25% | 50.00% | 0.00% | 0.94% | 25.00% | 18.59% | 106.06% | -7.80% | |
| Net Profit | 0.08 | -0.05 | 0.07 | 0.11 | 0.02 | 0.01 | 1.04 | 0.60 | 1.61 | -1.36 | -2.60 | -3.07 |
| EPS in Rs | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | -0.01 | -0.02 | -0.02 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 3% | 27% | 16% | -33% | ||
| Compounded Profit Growth | % | % | % | -215% | ||
| Stock Price CAGR | % | 6% | 5% | 4% | ||
| Return on Equity | 0% | 0% | -1% | -2% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 29.09 | 29.09 | 29.09 | 29.09 | 29.09 | 29.09 | 29.09 | 58.17 | 107.03 | 107.03 | 107.03 | 107.03 |
| Reserves | 32.47 | 32.65 | 32.59 | 32.65 | 32.77 | 32.79 | 32.81 | 4.82 | 17.08 | 3.70 | 5.92 | 2.62 |
| Borrowing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.55 | 0.15 | 0.21 | 0.15 | 0.67 | 0.14 | 0.27 | 0.31 | 4.94 | 2.50 | 9.54 | 12.13 |
| Total Liabilities | 62.11 | 61.89 | 61.89 | 61.89 | 62.53 | 62.02 | 62.17 | 64.30 | 129.05 | 113.23 | 122.49 | 121.78 |
| Fixed Assets | 0.07 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.21 | 0.17 | 0.17 | 0.12 | 0.10 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 6.25 | 6.75 | 7.83 | 9.90 | 11.97 | 15.38 | 40.07 | 19.72 | 2.86 | 2.94 |
| Other Assets | 62.04 | 61.86 | 55.61 | 55.12 | 54.68 | 52.10 | 50.18 | 48.71 | 88.81 | 93.34 | 119.51 | 118.74 |
| Total Assets | 62.11 | 61.89 | 61.89 | 61.89 | 62.53 | 62.02 | 62.17 | 64.30 | 129.05 | 113.23 | 122.49 | 121.78 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1.52 | 3.16 | -3.77 | -0.11 | -0.32 | 2.16 | 2.03 | 3.91 | -24.46 | -20.21 | -17.47 | 0.88 |
| Cash from Investing Activity | -0.73 | -2.68 | 3.06 | 0.00 | 0.00 | -2.06 | -2.08 | -3.41 | -24.54 | 20.38 | 16.90 | -0.04 |
| Cash from Financing Activity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.24 | 48.86 | -0.06 | 0.01 | -0.60 |
| Net Cash Flow | 0.79 | 0.48 | -0.71 | -0.11 | -0.32 | 0.09 | -0.05 | 0.26 | -0.14 | 0.11 | -0.57 | 0.24 |
| Free Cash Flow | 1.53 | 3.16 | -3.77 | -0.11 | -0.32 | 2.16 | 2.03 | 3.91 | -24.46 | -20.21 | -17.47 | 0.88 |
| CFO/OP | 175% | 1,859% | 6,283% | -75% | -175% | 21,700% | 20,300% | 357% | -2,527% | -1,491% | 1,173% | -61% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 0.90% | 0.13% | -0.08% | 0.11% | 0.18% | 0.03% | 0.02% | 1.67% | 0.64% | 1.42% | -1.22% | -2.34% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 100.00% | 100.00% | 100.00% | 99.99% | 100.00% | 100.00% | 100.00% | 99.99% | 100.00% | 100.00% | 100.00% | 100.00% |
| No. of Shareholders | 2,48,640 | 2,70,748 | 3,28,365 | 3,80,010 | 4,04,532 | 4,56,496 | 4,61,059 | 4,53,079 | 4,44,180 | 4,35,475 | 4,26,851 | 4,26,662 |
Fundamentals
Market Cap₹ 111 Cr.
Current Price₹ 0.71
Book Value₹ 0.70
ROCE-2.53 %
ROE-2.34 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-33%
Compounded Profit Growth (TTM)-215%
Standalone figures.
Valuation
Market capRs 77 Cr
Enterprise valueRs 77 Cr
Price to book0.70x
Price to sales12.82x
EV / sales12.74x
Price to cash flow87.57x
Earnings yield-3.98%
P/E, 3-year average48.53x
P/B, 3-year average0.59x
P/E, 5-year average70.83x
P/B, 5-year average0.72x
Profitability
Operating margin (excl. other income)-45.29%
Operating margin (incl. other income)-45.13%
EBITDA margin-57.74%
Pre-tax margin-58.40%
Net profit margin-51.08%
Net margin, latest quarter67.66%
ROE-2.34%
ROCE-2.53%
ROA-2.13%
ROE, 3-year average-0.73%
ROCE, 3-year average-0.46%
ROA, 3-year average-0.65%
ROE, 5-year average0.03%
ROCE, 5-year average0.25%
ROA, 5-year average0.06%
ROIC (approx.)-2.96%
Tax rate7.80%
Other income / net worth0.01%
Growth
Sales growth (latest year)-27.78%
Sales CAGR, 3 years15.87%
Sales CAGR, 5 years27.20%
Sales growth QoQ496.43%
Sales growth YoY (latest quarter)-8.24%
Profit growth YoY (latest quarter)-33.53%
Per share
EPS (TTM)Rs -0.03
EPS (latest year)Rs -0.02
EPS (latest quarter)Rs 0.01
EPS, 3-year averageRs -0.01
EPS, 5-year averageRs 0.00
Book value per shareRs 1.02
Sales per shareRs 0.06
Cash flow per shareRs 0.01
Free cash flow per shareRs 0.01
Efficiency
Asset turnover0.05x
Fixed asset turnover61.60x
Inventory turnover0.14x
Inventory days2677 days
Debtor days100 days
Debtors turnover3.67x
Leverage
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Owners' fund to total sources90.04%
Cash flow
Cash from Operating Activity (latest year)Rs 1 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 1 Cr
Sales to cash flow7.00x
Statement figures
Net sales (TTM)Rs 6 Cr
Net sales (latest year)Rs 6 Cr
Sales (latest quarter)Rs 2 Cr
Operating profit excl. other income (latest year)Rs -3 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -3 Cr
PBDT (TTM)Rs -3 Cr
Profit before tax (TTM)Rs -4 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -3 Cr
Net profit (latest year)Rs -3 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 9 Cr
Total income (latest year)Rs 6 Cr
Share capitalRs 107 Cr
ReservesRs 3 Cr
Shareholders' fundsRs 110 Cr
Total assetsRs 122 Cr
Net blockRs 0 Cr
InvestmentsRs 3 Cr
ReceivablesRs 2 Cr
InventoryRs 0 Cr
Other liabilitiesRs 12 Cr
Shares outstanding (crore)107.03
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.70 is at the 59th percentile (median 0.62).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 530557 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.4% | -2.8% | +1.4 pts |
| 1 month | -1.4% | -6.8% | +5.4 pts |
| 3 months | +44.0% | -7.6% | +51.6 pts |
| 3 years | +16.1% | +14.2% | +2.0 pts |
| 5 years | +38.5% | +27.9% | +10.6 pts |
Red flags
F-score 4 of 8| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Revenue ₹2 Cr -8.2% vs Jun 2025.
Net profit ₹1 Cr -33.5%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Bajaj Finance Ltd | 606,283 | 29.6 | 10.9 % |
| Shriram Finance Ltd | 228,598 | 20.2 | 11.5 % |
| Tata Capital Ltd | 140,654 | 25.9 | 8.58 % |
| Cholamandalam Investment & Finance Company Ltd | 139,031 | 24.2 | 9.71 % |
| Muthoot Finance Ltd | 109,874 | 9.66 | 15.8 % |
| L&T Finance Ltd | 67,935 | 21.2 | 8.40 % |
| SBI Cards & Payment Services Ltd | 55,290 | 24.3 | 10.1 % |
| HDB Financial Services Ltd | 52,415 | 19.0 | 9.09 % |
| Sundaram Finance Ltd | 48,161 | 21.2 | 9.44 % |
| Authum Investment & Infrastructure Ltd | 46,011 | 22.0 | 13.6 % |
| Mahindra & Mahindra Financial Services Ltd | 45,035 | 13.5 | 8.72 % |
| Poonawalla Fincorp Ltd | 39,011 | 49.6 | 7.51 % |
| Manappuram Finance Ltd | 29,725 | 20.5 | 8.25 % |
| IIFL Finance Ltd | 25,929 | 12.3 | 10.9 % |
| Capri Global Capital Ltd | 23,756 | 21.1 | 11.7 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of NCL Research and Financial Services Ltd?
NCL Research and Financial Services Ltd (530557) has a market capitalisation of Rs 111 Cr. at the 2026-10-01 close.
What were NCL Research and Financial Services Ltd's latest quarterly results?
In the Jun 2026 quarter, NCL Research and Financial Services Ltd revenue was Rs 2 Cr (-8.2% vs Jun 2025) and net profit was Rs 1 Cr.